diff --git a/pkgs/development/python-modules/termcolor/default.nix b/pkgs/development/python-modules/termcolor/default.nix
index 7dd4e5fc12e3..eae96afd7b58 100644
--- a/pkgs/development/python-modules/termcolor/default.nix
+++ b/pkgs/development/python-modules/termcolor/default.nix
@@ -9,12 +9,12 @@
 
 buildPythonPackage rec {
   pname = "termcolor";
-  version = "3.0.0";
+  version = "3.1.0";
   pyproject = true;
 
   src = fetchPypi {
     inherit pname version;
-    hash = "sha256-DNhVyHFjg/FSrQK7s5hB1uRpRTj/XUJAiOVsi4H95SU=";
+    hash = "sha256-am3X++5YGQnu7Gp1bP8df3w3YGOxTkopjcSYAwnlWXA=";
   };
 
   build-system = [